UPDATE2: Crt arrests accounts of Summa Group under Magomedov case

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MOSCOW, May 28 (PRIME) -- The Tverskoi District Court of Moscow has arrested accounts of multi-industry holding Summa Group under a case against its co-owner Ziyavudin Magomedov on Monday, lawyer for Magomedov Viktoria Tsiryulik said.

“Accounts of Summa Group have been arrested, accounts of my client have been arrested,” Tsiryulik said.

A representative of Summa told PRIME that the court arrested accounts of some of companies in the group rather than the group’s accounts. The person declined to disclose the names of the companies.

Co-owners of the holding, brothers Ziyavudin and Magomed Magomedov were charged with creation of a criminal community and 2.5 billion ruble embezzlement. Artur Maksidov, former CEO of construction company Inteks, was charged with 669 million ruble embezzlement and participation in a criminal community, according to the materials of the court. They can be sentenced to up to 20 years in prison.

The court extended arrest of the Magomedov brothers and Maksidov until August 5.

(61.6659 rubles – U.S. $1)

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